SEC loosens rules to help small businesses sell stakes to raise funds during Covid-19 crisis

Regulators on May 4 made it easier for small businesses to sell stakes in their companies and get the money they raise that way faster during the economic crisis caused by the coronavirus pandemic.

The move by the U.S. Securities and Exchange Commission comes as operators of such equity crowdfunding say they are already working with record amounts of companies who are pushing the total raised to all-time highs.

“This is going to be a big help,” Jonny Price, fundraising director at Wefunder Inc.,…